Which stage of Financial Independence are you at?

Came across an article today on "The Stages of Financial Independence". It's interesting to see how the author has split our life's financial journey into 8 stages starting from financial dependency and ending with financial abundance.

I guess I have come a long way in my financial journey starting from being financially dependent to being at a stage of trying to achieve debt freedom right now. Started from working and paying off students loans and subsequently getting married and getting into more loans (housing and car loans) and working to pay them off now. Seems like an endless rat race where we need loan to survive and work to pay off loans.

It was about 2 years ago when i realized this is not how i want to live the rest of my life. I don't want to be working just for the sake of working. I want to live my life at my own terms and i think that will only happen if i reach Financial Independence or Financial Freedom. And so i begin my search for alternate and passive income. Been reading a lot since then and so far only manged to appreciate and agree with the value investing approach. Hopefully this approach will lead me to Financial Abundance, the last stage of Financial Independence, and i can truly live life the way it's meant to be.

So which stage of financial independence are you at and do you have a plan to move forward in your journey to Financial Abundance?

Happy Value Investing
Which stage of Financial Independence are you at? Which stage of Financial Independence are you at? Reviewed by Valuewarrior on October 04, 2017 Rating: 5

2 comments:

  1. I have been using the link as an guideline for my financial goal. I am glad that I have achieved FI since my expense is not really high. Achieving FF will be my next step.. and I like the idea of having financial freedom to spend on intensive traveling .

    ReplyDelete
    Replies
    1. I'm still working on clearing my housing loan and working towards Financial Stability so that i can be less dependent on my job.
      I am in the oil and gas sector and retrenchment could be just around the corner....

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